Press Release

Fortress Files Replacement Shelf Registration Statement

Company Release - 10/4/2011 4:52 PM EDT

NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group LLC (NYSE: FIG) has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Once declared effective by the SEC, this registration statement will replace Fortress’s existing shelf registration statement, which was declared effective on October 3, 2008 and is set to expire in accordance with SEC rules.

The new registration statement will extend Fortress’s ability under the old registration statement to offer and sell, from time to time, up to $1 billion of common shares, preferred shares and other specified securities. The terms of any offering by Fortress would be established at the time of the offering and would be described in a prospectus supplement relating to the prospectus included in the registration statement. Fortress has no present intention to offer or sell any such securities.

A copy of the registration statement may be obtained at the SEC's website at www.sec.gov, and on Fortress’s website at www.fortress.com. This press release is not an offer to sell, or a solicitation of an offer to buy, any securities.

About Fortress

Fortress is a leading global investment manager with approximately $43.8 billion in assets under management as of June 30, 2011. Fortress offers alternative and traditional investment products and was founded in 1998. For more information regarding Fortress Investment Group LLC or to be added to our e-mail distribution list, please visit www.fortress.com.

Fortress Investment Group LLC
Gordon E. Runté, 212-798-6082

Source: Fortress Investment Group LLC